What's driving the Flexible Packaging Market trends? Mondi Group, Sealed Air Corporation, ExxonMobil, Amcor, Constantia Flexibles and Bemis Company, Inc.
Flexible Packaging Market size is estimated to surpass USD 250 billion by 2024; according to a new research report by Global Market Insights, Inc. Improved barrier properties, technological advancement in thin elastic material along with reduced wastage are key trending factors driving the flexible packaging market growth.
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Superior sealing, heat insulation and barrier against moisture makes the product more attractive for end user industry. Flexible packaging shares a major portion in the packaging industry size, shift in consumer preference towards convenient packing and ease to store & transport properties supported the product growth.
Increasing application scope in healthcare, cosmetics and consumer goods industry owing to export trading expansion and e-commerce industry will fuel flexible packaging demand. Healthcare application will observe gains over 5% up to 2024. Regulatory support for sustainable healthcare product along with increasing consumer health consciousness will support industry growth.
Flexible Packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD million from 2013 to 2024, for the following segments:
- Flexible Packaging Market By Material
o Polyethylene terephthalate
- Flexible Packaging Market By Product
• Pillow pouches
• Stand-up pouches
• For side seal pouches
• Others (Retort pouches, blisters, lidding, portion packs)
- Flexible Packaging Market By Application
• Food & beverage
• Personal care
• Others (Retail)
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Stand-up pouch is majorly preferred products because owing to its versatility in various end-user industry. Stand-up pouches market size is estimated to be valued over USD 75 billion by 2024. High barrier against moisture & oxygen, low material consumption and low costs are the factors positively influencing the product demand. Pillow pouches will witness over 4% CAGR up to 2024. Rising demand from dairy products owing to better sealing, ease in transportation and cost effective properties has favored industry growth in this segment.
Polymer flexible packaging market was among the major revenue contributor in material segment, accounted for over 70% of the total industry volume in 2015. High durability, adaptability to modification and cost effectiveness properties supported the demand in this segment. Paper packaging market size was valued at over USD 15 billion in 2015. Increasing utilization in pharmaceutical and medical industry to reduce contamination and infection will enhance product penetration.
Europe, led by Russia and Germany will observe gains over 3.5% up to 2024. Processed food and retail industry expansion are key stimulating factors fueling regional industry growth. China flexible packaging market was valued at over USD 8 billion in 2015, with revenue growth over 6% up to 2024. Food & beverage and pharmaceuticals were key revenue generating applications.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Ampac Holdings, LLC
2. Amcor Limited
3. Constantia Flexibles Group GmbH
4. Bemis Company, Inc.
5. Sonoco Products Company
6. Mondi Group
7. Coveris Holdings S.A.
8. Sealed Air Corporation
9. Clondalkin Group Holdings B.V.
10. Wipak Group
11. Bischof + Klein International
12. Goglio Group
13. AR Packaging
14. Schur Flexibles
15. Flair Flexible Packaging Solution
16. Clondalkin Group
17. Südpack Verpackungen
18. Cellpack Packaging
20. ACTEGA GmbH
21. Berry Plastic Group
22. Bemis Company Inc.
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U.S. flexible packaging market from food & beverages was worth above USD 15 billion in 2015. Increase in disposable income, confectionary & dairy product portfolio expansion along with technological advancement in barrier materials are the key factors influencing the industry growth.
Latin America, driven by Brazil and Argentina will witness CAGR over 4% by 2024. Increase in urban population, expanding e-commerce industry has fostered regional demand. Global flexible packaging market share is fragmented with the presence of numerous regional companies. Amcor Limited, Sonoco Products Company, Constantia Flexibles Group, Huhtamaki Group and Bemis Company are the key industry participants.
Other notable industry players include Mondi Group, Clondalkin Group Holdings BV, Ukrplastic, Ampac Holdings, Sealed Air Corporation and Wipak Group.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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